diff --git a/Include/patchlevel.h b/Include/patchlevel.h
index e6a4902..bec4ba5 100644
--- a/Include/patchlevel.h
+++ b/Include/patchlevel.h
@@ -18,12 +18,12 @@
 /*--start constants--*/
 #define PY_MAJOR_VERSION	3
 #define PY_MINOR_VERSION	2
-#define PY_MICRO_VERSION	0
-#define PY_RELEASE_LEVEL	PY_RELEASE_LEVEL_FINAL
-#define PY_RELEASE_SERIAL	0
+#define PY_MICRO_VERSION	1
+#define PY_RELEASE_LEVEL	PY_RELEASE_LEVEL_BETA
+#define PY_RELEASE_SERIAL	1
 
 /* Version as a string */
-#define PY_VERSION      	"3.2.1a0"
+#define PY_VERSION      	"3.2.1b1"
 /*--end constants--*/
 
 /* Subversion Revision number of this file (not of the repository). Empty